India’s Commerce Secretary Agarwal evaluates the progress of India-Eurasian Economic Union Free Trade Agreement Negotiations with Eurasian Economic Commission officials in various in Moscow.
Agarwal interacted with the Minister in charge of Trade of the Eurasian Economic Commission, Andrey Slepnev. Not only this, the Deputy Minister of Industry and Trade of the Russian Federation, Mikhail Yurin and addressed a business networking plenary with members of the Indian and Russian Ministries.
Comm Secy evaluated next steps for the India–EAEU Free Trade Agreement
Apparently, these efforts signal the leaders’ direction to reach USD 100 billion in bilateral trade by 2030 and to increase Indian exports through industrial and technological collaboration. In addition, the Commerce Secretary motivated the companies to align their projects with the 2030 bilateral trade target.
India’s Commerce Ministry said in a statement that the Commerce Secretary evaluated the next steps for the India–EAEU Free Trade Agreement in goods.
Moreover, the Commerce Secretary interacted with Deputy Minister Yurin and explored ways to improve trade diversification, supply-chain resilience, and cooperation in critical minerals. Both nations discussed a time-bound pathway across key sectors like pharmaceuticals, telecom equipment, machinery, leather, automobiles, and chemicals. Besides this, the interactions also covered practical measures related to logistics, payments, and standards to enhance predictability and ease of doing business for firms in both countries.
Comm Secy underscored logistics upgrades and digital public infrastructure
Interestingly, in the meeting with company officials, he underscored that India’s logistics upgrades, digital public infrastructure, and opportunities for co-investment and co-production in goods and services. The discussions focused on the need to increase the basket export, de-risk supply chains, and convert planned projects into actionable contracts that improve volume, engendering more jobs and long-term prosperity for people in both nations.
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